Agricultural technology company VividGro announced Tuesday it has acquired a home grow marijuana app. The company's President David Friedman explains how this acquisition is helping VividGro expand its footprint in the horticulture industry especially for weed. "This gives us access to the home grow market, which is a quicker and more rapid penetration point," says Friedman. "Eventually we will grow into the commercial side of the market." Friedman says much of the infrastructure being built in the marijuana space is being borrowed from other industries. "That means the opportunity is limitless," says Friedman. "We recognize the growth in cannabis right now is going to fuel our ascent."

Share:
More In Business
Microsoft Is Having Its ‘iPhone Moment’
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
Is Big Tech Keeping Kids Safe Online?
CEOs of social media platforms like Facebook, TikTok, and more meet with lawmakers Wednesday about how they are protecting children from sexual exploitation.
Amazon to iRobot: iCannot Buy You
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
Load More